Elderly American identified as victim in $330m Bitcoin theft: ZachXBT
An elderly American has been identified as the victim of a $330.7 million Bitcoin theft—one of the largest crypto heists on record—according to blockchain investigator ZachXBT.
The attack, which occurred on April 28, involved the theft of 3,520 BTC through a sophisticated social engineering scheme, triggering a ripple effect across crypto markets, including a sudden spike in the price of the privacy coin Monero Monero
xmr
-0.05%
The stolen Bitcoin Bitcoin
-0.19%
Bitcoin was rapidly funneled through more than 300 wallets and laundered across 20 or more exchanges, with Monero playing a key role in obscuring the transaction.
The spike in demand for XMR coincided with this laundering activity, sending its price surging over 50% — from $228 to $347 — before settling back to $295.
